Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) from a hold rating to a buy rating in a report published on Monday morning. Zacks Investment Research currently has $1.50 price target on the oil and gas company’s stock.

According to Zacks, “Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company. The company provides management technologies, well stimulation and completion services to oil and gas producers. Eco-Stim Energy Solutions, Inc. is based in Houston, Texas. “

A number of other analysts have also commented on ESES. Credit Suisse Group decreased their target price on Eco-Stim Energy Solutions from $4.00 to $2.50 and set an outperform rating for the company in a research report on Monday, August 14th. Seaport Global Securities reaffirmed a neutral rating on shares of Eco-Stim Energy Solutions in a research report on Thursday, July 20th. Finally, FBR & Co boosted their target price on Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the company an outperform rating in a research report on Monday, July 24th.

Eco-Stim Energy Solutions (NASDAQ ESES) opened at 1.40 on Monday. Eco-Stim Energy Solutions has a one year low of $0.66 and a one year high of $2.37. The firm’s market capitalization is $104.11 million. The stock’s 50 day moving average price is $1.44 and its 200-day moving average price is $1.26.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its earnings results on Thursday, August 10th. The oil and gas company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. Eco-Stim Energy Solutions had a negative return on equity of 69.12% and a negative net margin of 134.72%. The business had revenue of $8.53 million during the quarter, compared to analyst estimates of $8.88 million. On average, equities research analysts anticipate that Eco-Stim Energy Solutions will post ($0.50) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of ESES. Geneva Advisors LLC increased its holdings in Eco-Stim Energy Solutions by 22.6% during the 2nd quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 18,000 shares in the last quarter. Arosa Capital Management LP bought a new stake in Eco-Stim Energy Solutions during the 1st quarter worth approximately $293,000. Phoenix Investment Adviser LLC bought a new stake in Eco-Stim Energy Solutions during the 1st quarter worth approximately $551,000. Finally, Vanguard Group Inc. increased its holdings in Eco-Stim Energy Solutions by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock worth $641,000 after purchasing an additional 26,572 shares in the last quarter. 50.02% of the stock is owned by hedge funds and other institutional investors.

About Eco-Stim Energy Solutions

Eco-Stim Energy Solutions, Inc is an oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company focuses on the active shale and unconventional oil and natural gas basins outside the United States and it has commenced operations in Argentina.

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